Light-fingered Satyam founder Ramalinga Raju jailed for seven years

Architect of India's biggest fraud scandal finally locked up - along with his PwC auditors

The former chairman of Indian outsourcing firm Satyam Computer Services has been jailed for seven years for his part in a $1.4bn (£953m) accountancy fraud scandal.

The Special Central Bureau of Investigations Court in Hyderabad sentenced B. Ramalinga Raju and eight others - including auditors Subramani Gopalakrishnan and Talluri Srinivas from PricewaterhouseCoopers - to seven years in jail. Ramalinga's brother Rama Raju was also sent down.

The case has been described as "India's biggest corporate fraud case" and has been rumbling on since 2009 following a probe by the country's Central Bureau of Investigation.

The Indian CBI said: "It was further alleged that due to the fudging of the company accounts & manipulation of records showing incorrect inflated balance sheets by the chairman, MD and other directors... the value of the shares of the company suddenly dropped causing huge financial loss to the complainant and other share holders.